Melius Upgrades CoreWeave (NASDAQ:CRWV) to "Buy"

Key Points

• Melius has upgraded CoreWeave (NASDAQ:CRWV) from a "hold" rating to a "buy" rating, with a price target of $165.00, indicating a potential upside of 23.85%.
• CoreWeave's stock performance shows a significant quarterly revenue increase of 206.7% year-over-year, though it reported an EPS loss of ($0.27) for the last quarter.
• Insiders have sold a substantial amount of CoreWeave stock recently, with over 17 million shares valued at approximately $1.97 billion sold in the last ninety days.

CoreWeave (NASDAQ:CRWV - Get Free Report) was upgraded by stock analysts at Melius from a "hold" rating to a "buy" rating in a report released on Tuesday,Briefing.com Automated Import reports. The firm currently has a $165.00 price objective on the stock. Melius' price objective would indicate a potential upside of 23.85% from the company's current price.

CRWV has been the topic of several other research reports. Morgan Stanley increased their price target on CoreWeave from $58.00 to $91.00 and gave the stock an "equal weight" rating in a report on Thursday, July 31st. Cantor Fitzgerald reiterated an "overweight" rating and issued a $116.00 price target on shares of CoreWeave in a report on Tuesday, September 16th. HSBC started coverage on CoreWeave in a report on Wednesday, July 16th. They issued a "reduce" rating and a $32.00 price target on the stock. Citizens Jmp raised CoreWeave from a "market perform" rating to an "outperform" rating and set a $180.00 price objective for the company in a research note on Tuesday, September 16th. Finally, Stifel Nicolaus increased their price objective on CoreWeave from $115.00 to $120.00 and gave the stock a "hold" rating in a research note on Wednesday, August 13th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $123.42.

CoreWeave Stock Performance

Shares of CoreWeave stock opened at $133.23 on Tuesday. CoreWeave has a one year low of $33.51 and a one year high of $187.00. The company has a debt-to-equity ratio of 2.79, a quick ratio of 0.52 and a current ratio of 0.52. The company's 50-day simple moving average is $111.41.

CoreWeave (NASDAQ:CRWV - Get Free Report) last announced its earnings results on Tuesday, August 12th. The company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.07). The company had revenue of $1.21 million during the quarter. The business's quarterly revenue was up 206.7% on a year-over-year basis. CoreWeave has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS.

Insiders Place Their Bets

In related news, Director Jack D. Cogen sold 1,112,004 shares of CoreWeave stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $94.69, for a total transaction of $105,295,658.76. Following the completion of the sale, the director owned 12,329,676 shares of the company's stock, valued at approximately $1,167,497,020.44. This trade represents a 8.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Magnetar Financial Llc sold 1,451,063 shares of CoreWeave stock in a transaction on Friday, September 19th. The shares were sold at an average price of $125.60, for a total value of $182,253,512.80. Following the sale, the insider directly owned 363,631 shares of the company's stock, valued at $45,672,053.60. This represents a 79.96% decrease in their position. The disclosure for this sale can be found here. Insiders sold 17,826,137 shares of company stock valued at $1,965,482,165 over the last ninety days.

Institutional Investors Weigh In On CoreWeave

Large investors have recently added to or reduced their stakes in the business. Cisco Systems Inc. bought a new stake in CoreWeave during the second quarter valued at $173,493,000. Gamco Investors INC. ET AL bought a new stake in CoreWeave during the first quarter valued at $318,000. SeaCrest Wealth Management LLC purchased a new stake in CoreWeave during the second quarter valued at about $848,000. Howard Financial Services LTD. purchased a new stake in CoreWeave during the second quarter valued at about $489,000. Finally, Sivia Capital Partners LLC purchased a new stake in CoreWeave during the second quarter valued at about $39,824,000.

About CoreWeave

CoreWeave, Inc engages in the powers of the creation and delivery of the intelligence that drives innovation. It offers a solution used by organizations of all sizes that require sophisticated AI computing, from the largest of enterprises to small, well-funded start-ups. The company was founded by Michael Intrator, Brian Venturo, and Brannin McBee on September 21, 2017 and is headquartered in Livingston, NJ.

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